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Answer: Monero is the easiest cryptocurrency to mine now because it can be mined via browser extensions and free software over websites. It is even mined via crypto jacking. The mining code can also easily be incorporated into apps and websites to facilitate mining.
Monero is one of the most profitable cryptocurrencies to mine in general.
Is ASIC mining still profitable in 2022? Yes, bitcoin mining with ASICs can still be a source of significant profit in 2022. The amount you make will depend on your hardware and the cost of electricity where you live, but ASIC miners are still your best option to reach Bitcoin mining success.
The Antimer E9 is also going to draw a lot of power at 2,556W, but it has an efficiency of 0.85 J/M. With that much power, the Antiminer E9 could make around $236 per day with a $. 13 per kWh (average cost of electricity in the US) electricity cost factored in.
Bitmain is yet to reveal the Antminer E9's price. Estimates put it between US$20,000 to US$30,000, given that it is the most potent Ethereum mining ASIC on the market at the moment. However, its launch comes in a bit late, as the graphics card market is beyond salvage at this point.
Ethereum was purposefully designed in an ASIC– (specialized mining hardware) resistant way that only allows for efficient mining with graphics processing units (GPUs) and rejects hashes from AISCs. This stands in stark contrast to Bitcoin, which nowadays is almost exclusively mined with ASICs.
But they're still, you know… the hardware used. When you buy Antminer that is already been used, it is been a fantastic way to save money, but it also has its own collection of risks. Brand new Antminer comes with a higher price tag, but in certain cases, the cost is worth it.
You cannot mine just 1 Bitcoin, instead crypto miners will mine one block, with the reward set at 6.25 BTC per block. Each Bitcoin block takes 10 minutes to mine. This means that in theory, it will take just 10 minutes to mine 1 BTC (as part of the 6.25 BTC reward).
Experts are predicting that the remaining bitcoins will be mined by 2140. Mining is the process of verifying transactions and adding new blocks to the Bitcoin network.
NiceHash is easy to use, and any gamer can do some mining just by installing and running a graphical application.